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20121003
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europeans, germans and brussels who want to see strenuous action from the government in order to backstop the government with potentially buying of its bonds. herein lies the problem. this is a country that has tried austerity. it's not like greece that's been dragging its feet. lehoy has enacted over 60 billion euros' worth of reforms, over 2 1/2 years to 2014. and the problem is, those reforms are making things worse. it's that whole contradiction is austerity driving growth out of the country, or actually is it creating conditions for investors to get more confidence? and then you get the protests from the people on the street. i'm actually standing on the exact point just outside where parliament is barricaded. you can see behind me just right at that point where over the last two nights, we've seen police charges, plastic bullets being fired as well, protesters getting violent because they're getting very frustrated about the really tough economic conditions which they don't see anything getting better. but i do want to leave this here on a very positive note. and there is one positi
essentially government-guaranteed debt. >> or shares of apple, which would also please a lot of people. >> it can't do that. >> i get that. thank you, steve. >>> as we kick off the first day of the fourth quarter, we have deutsche bank's top u.s. equity strategist here on how to best navigate the markets, sitting at session highs right now. joined now by david bianco on post 9. >> thank you. >> you're actually skeptical, which i was surprised by. you have been a noted bear on wall street. but now you see that there could perhaps be headwinds when it comes to third-quarter earnings? >> i've been bullish during darkest hours of this market the past couple of years. the reason i'm cautious, i'mall quarter, we've seen a deterioration in export activity, investment spending and manufacturing activity that has something to do with the fiscal cliff uncertainty. certainly has to do with europe. i think it mostly has to do with the sharp deceleration in chinese construction activity. i don't think we're going to see any sign of a major improvement there until early next year. right now, we have
Search Results 0 to 1 of about 2